March 31, 2011
In a reshuffle of the top management at Bombay Dyeing & Manufacturing Co, the textile and real estate company has appointed Jehangir N (Jeh) Wadia, younger son of promoter Nusli Wadia, as managing director with effect from 1 April.
In a related development, Ness N Wadia, elder son of Nusli Wadia, widely expected to inheritthe mantle from Nusli Wadia, will step down as the joint managing director of Bombay Dyeing with effect from the closing of business hours on 31 March. Ness Wadia was appointed to this position in August 2001.
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